BNN Corp. revises forecast.NEW YORK--(BUSINESS WIRE)--June 12, 1997--BNN Corp., Kaleidoscope Media (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on BB:BNND) announced Thursday that is has revised its earnings forecast relative to its joint venture with IPG IPG Implantable pulse generator, see there through Kaleidoscope Sports and Entertainment L.L.C. BNN BNN Boston Neighborhood Network BNN Boundary Network Node (IBM) BNN Back-Propagation Neural Network BNN Biological Neural Network BNN Bart's Neverending Network (public-service TV network in The Netherlands) Corp. previously announced that it anticipates earnings in excess of $6 million from its 49% ownership of Kaleidoscope Sports and Entertainment L.L.C. over the three year earn out period. As a result of the information contained in KS&E LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announcement made earlier Thursday. BNN Corp. anticipates its profits from the IPG transaction, assuming that the IPG option is not exercised, will be in excess of $10 million over the same three year period. If the option is exercised BNN Corp. will realize a profit from the transaction in excess of $20 million. BNN Corp. (NASDAQ BB:BNND) is a vertically integrated sports and entertainment company with offices in New York, Los Angeles, Miami and Detroit. Kaleidoscope Media Group's operating companies are Seagull seagull a noisy, gregarious bird that frequents the seashore. Web-footed, hook-billed, white with gray wings. Member of the family Laridae and of the genus Larus. Entertainment, Hollywood Connection (direct marketing), and Kaleidoscope Consulting and has a minority interest in Kaleidoscope Sports & Entertainment LLC. Current KMG KMG Kerr-McGee KMG Koi Mil Gaya (Hindi movie) KMG Kunming, China - Kunming (Airport Code) KMG Kent Messenger Group (UK) sports properties include golf, tennis, boxing and football. KMG produces internationally recognized television programs, including "Tarzan" (series) "TeamXtreme" (series) and Merlin. CONTACT: BNN Corp. Henry Siegel, 212/779-6601 or Kaleidoscope Sports & Entertainment L.L.C. 212/779-6666 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion